Students in the CELect Entrepreneurship Course, held at the T-REx startup accelerator, are sharing their team projects with the Olin Blog. Student team Brittainy Cavender, Jinsoo Chang, Masa Ide, and Jenny Kronick describe the experience of consulting for their client, FocalCast.
St. Louis-based FocalCast is a live collaboration software that allows audiences to connect and interact with presentations. By providing features like live annotations, digital whiteboards, and polling, FocalCast turns standard presentations into engaging dialogues.
Since its founding, FocalCast has provided an easier way for people to communicate, collaborate, and conduct business on the go. Now it is looking to expand into new markets.
As part of the Fall 2017 CELect class, our team is developing a comprehensive marketing strategy to propel FocalCast’s product into new market verticals. Our approach focuses on researching potential clients and developing leveraged distribution and direct sales strategies to target a variety of players within those key verticals.
Our research emphasizes bottom-up approaches—specifically, interviews with current and prospective customers. The interviews help us determine customers’ current needs and pain points, which will guide us in developing a strategy that addresses these consumer interests. The strategy utilizes both traditional and digital marketing, including organic and paid marketing, to create an optimized plan for lead generation and awareness. The goal is to provide FocalCast with a strategy that will allow them to take the next steps in growing their business and create a strong foothold in the targeted verticals.
Guest Bloggers: Brittainy Cavender, Law ’18, Jinsoo Chang, MBA ’18; Masa Ide, MBA ’18; Jenny Kronick, PMBA ’18